BERA grants citizen firms six-month import licence window

On Tuesday, BERA officially awarded Botswana Oil (BOL) the first substantive fuel import licence, as part of a legislative change under which the parastatal takes over 90 percent of the country’s fuel imports.

Effective April 1, BOL is responsible for importing 90% of the country’s 1.3 billion-litre per annum fuel demand and on-selling this to the existing multinational oil companies that are operating in the country and have previously imported for themselves. Citizen companies will have the right to import the outstanding 10%.